Converge Technology Solutions and H.I.G. Capital Agree to Amend Arrangement Agreement

TORONTO and GATINEAU, QC, April 1, 2025 /CNW/ - Converge Technology Solutions Corp. ("Converge" or the "Company") (TSX:CTS.TO) (FSE:0ZB) (OTCQX:CTSDF) announced today that the Company has agreed to amend (the "Amendment") the previously announced arrangement agreement dated February 6, 2025 (the "Arrangement Agreement") with an affiliate of H.I.G. Capital ("H.I.G."), whereby H.I.G has agreed to acquire all of the issued and outstanding common shares (the "Common Shares") of the Company (the "Arrangement"). Under the terms of the Amendment, shareholders will receive C$6.00 per Common Share in cash (up from C$5.50 per Common Share), other than Common Shares held by certain shareholders who enter into rollover equity agreements. Defined terms used herein that are not otherwise defined have the meaning given to them in the Arrangement Agreement.